Jones Financial Companies Lllp lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,638 shares of the financial services provider's stock after purchasing an additional 2,521 shares during the quarter. Jones Financial Companies Lllp's holdings in Houlihan Lokey were worth $979,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norden Group LLC grew its stake in shares of Houlihan Lokey by 12.7% during the 4th quarter. Norden Group LLC now owns 1,770 shares of the financial services provider's stock worth $307,000 after purchasing an additional 199 shares during the period. Bridges Investment Management Inc. grew its stake in shares of Houlihan Lokey by 4.4% during the 4th quarter. Bridges Investment Management Inc. now owns 4,965 shares of the financial services provider's stock worth $862,000 after purchasing an additional 207 shares during the period. Williamson Legacy Group LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter worth $959,000. Flputnam Investment Management Co. grew its stake in shares of Houlihan Lokey by 3.4% during the 4th quarter. Flputnam Investment Management Co. now owns 169,881 shares of the financial services provider's stock worth $29,501,000 after purchasing an additional 5,651 shares during the period. Finally, Private Trust Co. NA acquired a new position in shares of Houlihan Lokey during the 4th quarter worth $29,000. 78.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on HLI shares. JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $194.40.
Get Our Latest Report on Houlihan Lokey
Houlihan Lokey Trading Up 0.1 %
NYSE:HLI opened at $157.45 on Friday. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 30.05 and a beta of 0.72. The company's 50-day moving average is $175.66 and its two-hundred day moving average is $171.83. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.
Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.
Houlihan Lokey Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.45%. Houlihan Lokey's payout ratio is currently 43.51%.
About Houlihan Lokey
(
Free Report)
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
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